Shake Shack FY24 Outlook: Revenue $1.21B-$1.25B Vs. $1.25B Estimate, Shake Shack Level Operating Margin 19%-19.50%
Portfolio Pulse from Benzinga Newsdesk
Shake Shack provided its FY24 outlook, projecting revenues of $1.21B-$1.25B, which is slightly below the $1.25B estimate. The company also anticipates an operating margin of 19%-19.50%.
February 15, 2024 | 12:20 pm
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Shake Shack's FY24 revenue forecast is slightly below expectations, with projected revenues of $1.21B-$1.25B against a $1.25B estimate. Operating margin is expected to be between 19%-19.50%.
The slight miss in revenue projections compared to the market estimate may lead to short-term negative sentiment among investors, potentially impacting SHAK's stock price negatively. However, the operating margin projection is solid, indicating efficient cost management which could mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100